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Flag trading the trend

  • #1,721
  • Mar 21, 2011 10:37am Mar 21, 2011 10:37am
Hi diamond,
How are you planning to send the video link via skype? Can skype support file transfers?

Sorry if it’s a stupid question I don’t use it skype much, so I am not familiar with its capabilities
  • #1,722
  • Edited 1:38pm Mar 21, 2011 10:43am | Edited 1:38pm
Quoting diamonddbw
++++++++++++++++++++++++++++++++

No Trade Here, must remove Rose Tinted Glasses!


http://beanpiepromotions.com/blog/wp...Karate-Kid.jpg


If you wear Rose Tinted Glasses is OK., as long as it works for you, all of us are different and the wisdom is in accepting and respecting that.
The other point is not to see obstacles but rather challenges in life. If you fall then get up, but get up a smarter person knowing what made you fall, so that next time a similar situation comes around you will avoid falling into the same hole.
  • #1,723
  • Mar 21, 2011 10:50am Mar 21, 2011 10:50am
well said danielson wax on wax off
  • #1,724
  • Mar 21, 2011 10:58am Mar 21, 2011 10:58am
Quoting Divergence
well said danielson wax on wax off
just to clarify

"The phrase came from the movie The Karate Kid and it's come to refer to anything that's overly repetetive and seems to be pointless. But it might turn out to have a very important point after all, as it did in the movie."
  • #1,725
  • Mar 21, 2011 11:04am Mar 21, 2011 11:04am
Quoting Divergence
well said danielson wax on wax off
++++++++++++++++++++++++++++++++

OK, Looks to me like we've regressed to something akin to Def Comedy Jam/Zen & the Art of 4X.

or

Richard Prior meets Buddha.

  • #1,726
  • Mar 21, 2011 11:11am Mar 21, 2011 11:11am
repetivness does not always mean its pointless if it did you would die (eating, sleeping drinking breathing etc) what it means is disipline
  • #1,727
  • Mar 21, 2011 11:12am Mar 21, 2011 11:12am
Quoting diamonddbw
OK, Looks to me like we've regressed to something akin to Def Comedy Jam/Zen & the Art of 4X.
Great book imho: Zen in the Art of Archery (Eugen Herrigel)
  • #1,728
  • Mar 21, 2011 11:18am Mar 21, 2011 11:18am
Div, what do you think about EUR/AUD right now ... there was divergence, 3 peaks. I thnik this could be new UP trend forming ... or?
  • #1,729
  • Mar 21, 2011 11:19am Mar 21, 2011 11:19am
Drew this last Friday, maybe it will clear up some. Saved me from taking a trade today.Thanks Sophie Smith.

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  • #1,730
  • Mar 21, 2011 11:19am Mar 21, 2011 11:19am
Just concluded this trade

arrow is trigger horizontal

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white line is exit
  • #1,731
  • Mar 21, 2011 11:23am Mar 21, 2011 11:23am
First of all thanks for this great thread to Mr Divergence for starting it and sharing with us and for all of you guys for positive attitude ! I'm trying to learn the system but I'm still not sure to understand it completely (especially regarding trend issue).

I have just taken this trade and I was stopped out. I must have messed up something ... It was probably against the trend :-/ Friends pls give me your comments !

Thanks ! Trzcinek
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"A goal without a plan is just a wish" - Antoine de Saint-Exupery
  • #1,732
  • Mar 21, 2011 11:28am Mar 21, 2011 11:28am
yes fxwest that was a setup all rules were met i decided to stay out it was on the heels of the heart attach moves prior if it doesnt look good to me i wait for the next bus 40 sessions average in a month between 2 sessions enough time to find 14 good trades o by the way get 14 winners in a month at 3% and that doubles your money every 3 months just though i would give you another math stat to help you develop disipline and PATIENCE good trade though fx 2 today as mr miaggi would say the student has become my teacher (kk#2) tr my friend trend is up if you can not locate trend you will go down with the ship
  • #1,733
  • Mar 21, 2011 11:31am Mar 21, 2011 11:31am
Quoting spoty
Div, what do you think about EUR/AUD right now ... there was divergence, 3 peaks. I thnik this could be new UP trend forming ... or?
++++++++++++++++++++++++++++++++

Be careful about getting into trades this time of day. The middle of the US session, quite often finds market makers squaring up their positions, which can lead to what looks like reversals. Rarely is there much in the way of follow through as volume is way off (normally unless FOMC speakers create interest).

The basic tenets of the Flag method, suggest trading only the 1st 90 minutes to 2-3 hours of any session. Please check thread for more precise info on best trading times.
  • #1,734
  • Mar 21, 2011 11:32am Mar 21, 2011 11:32am
I thank you for that, but I may have a bit to go before I reach teaching status,
But, I value this system and what you have given, when i get to a higher level, I will find a way to give back as well

But, until then, I will work hard

thanks

FXWest
  • #1,735
  • Mar 21, 2011 11:41am Mar 21, 2011 11:41am
Quoting trzcinek
First of all thanks for this great thread to Mr Divergence for starting it and sharing with us and for all of you guys for positive attitude ! I'm trying to learn the system but I'm still not sure to understand it completely (especially regarding trend issue).

I have just taken this trade and I was stopped out. I must have messed up something ... It was probably against the trend :-/ Friends pls give me your comments !

Thanks ! Trzcinek
++++++++++++++++++++++++++++++++

• First read post 1733. Bad time of the day.
• Main thing though, is we are still in an uptrend.
• Next, look at all of the "Slice & Dice" just prior to your entry. When I see that kind of stuff, I'll do anything Except put on a trade.

Other than that you have got the Set Up candle & the Entry Candle correct, just the wrong place for a trade. imho
  • #1,736
  • Mar 21, 2011 11:43am Mar 21, 2011 11:43am
hey diamond he couldnt have right candle and setup he shorted instead of longing lol
  • #1,737
  • Mar 21, 2011 11:45am Mar 21, 2011 11:45am
Quoting diamonddbw
++++++++++++++++++++++++++++++++

Be careful about getting into trades this time of day. The middle of the US session, quite often finds market makers squaring up their positions, which can lead to what looks like reversals. Rarely is there much in the way of follow through as volume is way off (normally unless FOMC speakers create interest).
Thanks for warning. I know about the most appropriate time from this thread, I just wonder about the price there
Nice formation: Divergence, 123 pattern, elliot wave ... pretty high probability for trend reverse. But I stayed out just because of FOMC speakers and EUR/USD to be too close to November High
  • #1,738
  • Mar 21, 2011 11:50am Mar 21, 2011 11:50am
Quoting Divergence
hey diamond he couldnt have right candle and setup he shorted instead of longing lol
++++++++++++++++++++++++++++++++

Can't argue with that. Just pointed out that the reading on candles CCI was congruent, but everything else was not... Sensei
  • #1,739
  • Mar 21, 2011 11:52am Mar 21, 2011 11:52am
Quoting diamonddbw
++++++++++++++++++++++++++++++++

Can't argue with that. Just pointed out that the reading on candles CCI was congruent, but everything else was not... Sensei
give me the crane and then paint the fence
  • #1,740
  • Mar 21, 2011 11:53am Mar 21, 2011 11:53am
OK, thanks for your answers. Yeah, I was misleaded by these spikes just before my entry ... it made a LL and a LH ... and there was a divergence... so, I was expecting the price to go down...

I must sit for longer on the trend identification ... this part of system seems discretional for me and the most difficult to understand ...
"A goal without a plan is just a wish" - Antoine de Saint-Exupery
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